Warrior Met Coal (NYSE:HCC) Reaches New 12-Month High at $42.95

Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) hit a new 52-week high on Friday . The stock traded as high as $42.95 and last traded at $42.52, with a volume of 568032 shares changing hands. The stock had previously closed at $40.79.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HCC. Citigroup upped their target price on Warrior Met Coal from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, February 17th. B. Riley upped their price objective on Warrior Met Coal from $50.00 to $55.00 in a research note on Tuesday, January 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Warrior Met Coal Price Performance

The company has a current ratio of 7.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 3.42 and a beta of 1.07. The company’s 50 day moving average is $37.20 and its 200-day moving average is $35.05.

Warrior Met Coal (NYSE:HCC – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.98). The business had revenue of $344.75 million during the quarter, compared to analyst estimates of $429.99 million. Warrior Met Coal had a net margin of 36.88% and a return on equity of 52.03%. The business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.17 earnings per share. Equities research analysts anticipate that Warrior Met Coal, Inc. will post 6.95 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Tuesday, February 28th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a dividend yield of 6%. Warrior Met Coal’s dividend payout ratio is currently 2.26%.

Institutional Trading of Warrior Met Coal

A number of hedge funds have recently modified their holdings of HCC. Exchange Traded Concepts LLC raised its holdings in Warrior Met Coal by 19.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 15,066 shares of the company’s stock valued at $428,000 after acquiring an additional 2,411 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Warrior Met Coal by 37.9% during the third quarter. The Manufacturers Life Insurance Company now owns 56,597 shares of the company’s stock worth $1,610,000 after purchasing an additional 15,566 shares during the period. Versor Investments LP lifted its holdings in Warrior Met Coal by 58.8% during the 3rd quarter. Versor Investments LP now owns 45,681 shares of the company’s stock worth $1,299,000 after purchasing an additional 16,922 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Warrior Met Coal by 88.5% in the 3rd quarter. Pacer Advisors Inc. now owns 689,540 shares of the company’s stock valued at $19,611,000 after purchasing an additional 323,721 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Warrior Met Coal by 69.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 261,047 shares of the company’s stock valued at $7,429,000 after buying an additional 106,690 shares in the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.

About Warrior Met Coal

(Get Rating)

Warrior Met Coal, Inc engages in the production and export of metallurgical coal. The company was founded on September 3, 2015 and is headquartered in Brookwood, AL.